Property Management Education

What Can I Charge to My Tenants Security Deposit?

By System Sunday, September 19, 2021

Key Points:Ensure a smooth move out for both landlord and tenant.What can you deduct for a particular damage item?What is the difference between damage and normal wear and tear?If you own Colorado rental property, it’s imperative that you make yourself aware of the rules an...

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Why You Should Never Charge a Pet Deposit

By Marc Cunningham Friday, July 16, 2021

Rental property investors often come to us with questions regarding renting to tenants with pets. Landlords and even property managers can make the mistake of charging a separate pet deposit (in addition to the security deposit). However, separately defined pet-specific deposits ...

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The Eight Most Important Parts of a Colorado Property Management Agreement

By Marc Cunningham Monday, September 21, 2020

If you are considering hiring a property management company to lease and manage your Denver rental property, you should do your research including a review of the property management agreement. This legal document defines the legal relationship between the property owner and the ...

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Should You Let Your Tenant Do Their Own Repairs?

By Marc Cunningham Thursday, August 20, 2020

If you’ve been a landlord for any period of time, you’ve likely received your fair share of tenant calls requesting a repair that needs to be addressed at your property. Sometimes, tenants offer to make the repair on their own with the request they receive a deductio...

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The Rental Expense Landlords CAN’T Deduct on Their Taxes

By Marc Cunningham Tuesday, July 21, 2020

As a real estate investor you want to maximize your tax benefits and write-offs, as well as avoid costly mistakes. The IRS has very specific rules regarding which expenses can be fully deducted from your taxes at the time of billing, and which expenses need to be deducted over t...

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Four Ways Colorado Landlords Can Improve Rent Collection

By Marc Cunningham Saturday, June 20, 2020

In an ideal world, your tenants will always pay the full rent amount by the due date, but as you likely know, this doesn’t always happen. As a Colorado landlord, you want to make sure that you’re collecting the highest percentage of rent that is due to you from your ...

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